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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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New Federal Commission Could Uncover Hundreds of Miscarriages of Justice

 


A newly established independent commission, set up by the federal government to review potential wrongful convictions, is expected to receive a surge of applications from inmates who may have been imprisoned for crimes they did not commit. Early indications suggest the body could see hundreds of cases, reflecting a hidden crisis within the justice system.

Senator Kim Pate, a well‐known advocate for the wrongfully convicted, noted that similar review bodies abroad have discovered that the number of wrongful convictions is far higher than initially believed. “The degree of wrongful convictions certainly was much more significant than they knew,” she remarked, underscoring the urgent need for a systematic reexamination of past cases .

Tasked with scrutinizing past convictions for fresh evidence and legal errors, the commission will work independently from both law enforcement and the courts. Its mandate is to identify cases where new and significant information was either overlooked or has since come to light—information that could potentially alter verdicts or open the door for retrials. Officials believe that a proactive approach is essential not only to correct individual miscarriages of justice but also to pinpoint systemic issues that may have led to widespread wrongful convictions.

If the commission’s investigations reveal compelling evidence of errors, cases may be referred back to the courts for a fresh appeal or a new trial. Such actions could free individuals who have spent years behind bars for crimes they did not commit, restoring public confidence in the criminal justice system. The move mirrors successful initiatives in other countries that have unearthed a higher incidence of wrongful convictions than previously estimated.

With the commission gearing up for its first round of case reviews, legal experts and advocacy groups are watching closely. Many hope that this new federal body will serve as a vital corrective mechanism, ensuring that justice is not only done but seen to be done for all citizens.

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